Coop boycotts 150 Nestlé products over price disagreement

According to Swiss broadcaster RTS, Swiss retailer Coop, along with five other members of AgeCore SA, a Geneva-based purchasing alliance, have decided to boycott a large number of Nestlé products in the hope of striking a better deal on price.

Sales to AgeCore SA members, which include Coop in Switzerland, Intermarché in France, Edeka in Germany, Conad in Italy, Colruyt in Belgium and Eroski in Spain, represents around 10% of Nestlé’s sales in Europe and 2% of its global turnover, according to Züricher Kantonalbank.

Urs Meier, a spokesperson from Coop, told the newspaper Tribune de Genève: “We don’t want to be disadvantaged compared to retailers in other countries. We are requesting a partnership based on fair terms and prices. It’s the only way we can offer an attractive range to our customers.”